To boost their after-tax income by $100, Newfoundlanders at the national average income must earn an additional $153.80 compared to $139.30 in B.C.
Nearly nine in 10 middle-class families now pay more personal income taxes.
Measuring the Impact of Federal Personal Income Tax Changes on Middle Income Canadian Families since 2015
The OECD defines the middle class as anyone earning between 75 per cent and 200 per cent of median household income after tax.
Mona Fortier is the new “minister for middle-class prosperity.”
“STiK” is Ottawa’s acronym for “social transfer in kind."
Families that previously used the income-splitting tax credit could pay up to $2,000 more in federal income taxes.
If you tax something less, you’ll likely get more of it.
The Trudeau government eliminated a number of tax credits, thereby increasing income taxes for some Canadians.